In fact supply chain finance, done right, can generate strategic value throughout the P2P lifecycle, particularly in assuring continuity of supply, reducing COGS, meeting profitability targets, creating more sustainable supply chains, and reducing time-to-market and lead times.
Taking a holistic approach to supply chain finance (SCF), underpinned by a foundational network platform, enables companies to obtain this strategic value. The full value of supply chain finance is realized when a broader and more unified holistic approach is taken, comprising two elements:
* Full Life-cycle SCF—End-to-end supply chain financing, across the entire P2P order lifecycle includes pre-shipment, post-shipment, and post-invoice financing options for suppliers
* Networked SCF—A unified and connected network of trading partners includes and connects all parties participating in the various transactions and the management and movement of goods, throughout the end-to-end P2P lifecycle. The network should enable inter-party collaboration, support automated workflows, and provide tools to help suppliers achieve high levels of compliance in pick, pack, ship and fulfillment-related data/documentation.
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